FalconX CEO on FTX Bankruptcy, Genesis Meltdown

The video discusses the impact of the FTX fallout on the crypto market, focusing on customer sentiment, business relationships, and legal complexities. It highlights the cautious approach of users and the importance of risk management. Despite the crisis, the company maintains investor trust by avoiding directional bets, drawing lessons from past financial crises.

What was the initial reaction of the crypto market to the FTX fallout?

• Excitement about potential gains

• Indifference to the situation

• Shock and concern about counterparty separation

• Optimism about new opportunities

How did the company manage its relationship with FTX before the crisis?

• Ignored the potential risks

• Reduced exposure to Alameda and FTX

• Maintained a large portion of assets with FTX

• Increased their exposure to FTX

What is the company's approach to handling the legal complexities of the FTX situation?

• Avoiding any legal involvement

• Ignoring the legal aspects

• Preparing for a long legal process

• Settling all claims immediately

How did the company ensure it stayed within its risk tolerance during the FTX crisis?

• By taking large directional bets

• By ignoring risk management protocols

• By maintaining a small position relative to their balance sheet

• By investing heavily in FTX

What was the impact on the company's business in terms of customer behavior?

• Complete loss of customer trust

• A significant drop in customer engagement

• Stable customer engagement despite the crisis

• An increase in customer withdrawals

How did the company reassure its investors during the FTX crisis?

• By taking more directional bets

• By explaining their risk limits and balance sheet

• By ignoring investor concerns

• By promising high returns

What principle did the company follow to gain investor trust?

• Investing heavily in FTX

• Ignoring market trends

• Avoiding directional bets

• Taking high-risk bets